SAN FRANCISCO, Calif.,
Nov. 6, 2017 /PRNewswire/
-- Salesforce (NYSE: CRM), the global leader in CRM, today
initiated fiscal 2019 revenue guidance of $12.45 billion to $12.5 billion, for
year-over-year revenue growth of 20 percent at the high end of the
guided range, calculated in accordance with current accounting
standards. The anticipated revenue growth of approximately 20
percent year-over-year is based on FY18 revenue guidance of
$10.4 billion at high end of guidance
provided August 22, 2017.
About Salesforce
Salesforce, the global leader in CRM, empowers companies to
connect with their customers in a whole new way. Salesforce
has headquarters in San Francisco, with offices
in Europe and Asia, and trades on the New York
Stock Exchange under the ticker symbol "CRM." For more
information about Salesforce, visit: www.salesforce.com.
"Safe harbor" statement under the Private Securities
Litigation Reform Act of 1995: This press release
contains forward-looking statements about our financial
results. The achievement or success of the matters covered by
such forward-looking statements involves risks, uncertainties and
assumptions. If any such risks or uncertainties materialize
or if any of the assumptions prove incorrect, the company's results
could differ materially from the results expressed or implied by
the forward-looking statements we make.
The risks and uncertainties referred to above include -- but are
not limited to -- risks associated with possible fluctuations in
the company's financial and operating results; the company's rate
of growth and anticipated revenue run rate, including the company's
ability to convert deferred revenue and unbilled deferred revenue
into revenue and cash flow, and ability to maintain continued
growth of deferred revenue and unbilled deferred revenue; foreign
currency exchange rates; errors, interruptions or delays in the
company's services or the company's Web hosting; breaches of the
company's security measures; domestic and international regulatory
developments, including the adoption of new privacy laws; the
financial and other impact of any previous and future acquisitions;
the nature of the company's business model, including risks related
to government contracts; the company's ability to continue to
release, gain customer acceptance of, and provide support for new
and improved versions of the company's services; successful
customer deployment and utilization of the company's existing and
future services; changes in the company's sales cycle; competition;
various financial aspects of the company's subscription model;
unexpected increases in attrition or decreases in new business; the
company's ability to realize benefits from strategic partnerships
and strategic investments; the emerging markets in which the
company operates; unique aspects of entering or expanding in
international markets, including the compliance with United States export control laws, the
company's ability to hire, retain and motivate employees and manage
the company's growth; changes in the company's customer base;
technological developments; litigation and any related claims,
negotiations and settlements, including with respect to
intellectual property matters or industry-specific regulations;
unanticipated changes in the company's effective tax rate; factors
affecting the company's outstanding convertible notes, term loan,
and revolving credit facility; fluctuations in the number of
company shares outstanding and the price of such shares; collection
of receivables; interest rates; factors affecting the company's
deferred tax assets and ability to value and utilize them; the
potential negative impact of indirect tax exposure; the risks and
expenses associated with the company's real estate and office
facilities space; and general developments in the economy,
financial markets, credit markets, and the impact of current and
future accounting pronouncements and other financial reporting
standards.
Further information on these and other factors that could affect
the company's financial results is included in the reports on Forms
10-K, 10-Q and 8-K and in other filings we make with the Securities
and Exchange Commission from time to time. These documents
are available on the SEC Filings section of the Investor
Information section of the company's website at
www.salesforce.com/investor.
Salesforce.com, inc. assumes no obligation and does not intend
to update these forward-looking statements, except as required by
law.
© 2017 salesforce.com, inc. All rights
reserved. Salesforce and other marks are trademarks
of salesforce.com, inc. Other brands featured herein may
be trademarks of their respective owners.
View original content with
multimedia:http://www.prnewswire.com/news-releases/salesforce-initiates-fiscal-2019-revenue-guidance-of-1245-billion-to-125-billion-300550140.html
SOURCE Salesforce